Tag: history of art

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ByteDance earmarks over $20B for AI CAPEX in 2021

TikTok owner ByteDance plans to invest heavily in AI infrastructure, with plans to spend over $20 billion this year, focusing on data centers and network equipment. The funding will benefit chipmakers Huawei, Cambricon, and Nvidia, and help ByteDance maintain its leadership in AI at home and bolster overseas expansion.